Not just WYNN, all casinos been getting whacked lately. LVS, MPEL, MGM.. the business in Macau going down hill.

Not sure even oil can tahan bears attack on general market... ready to pull the trigger.

Bears gone back to sleep. Bulls are out to play again..

Oh.. they crapped out today.. I finally got stop out from XLE at 83.
Need to get back in again.. maybe we'll see lower than 80 by Friday.

Oil got over $60.. therefore attracted more bulls. Just technical push.. nothing fundamentals. They wanted to push this to $65. Still lots of supply in the market.

Energy index (XLE) seems to be pulling back overnight - I think it just wants to follow the general market. Profit taking perhaps but the 50ma (around 79) should act as good support.

Who knows..the MMs could be trying to create a bull trap for us. Cautiously optimistic..

Summer driving season in US (and Canada) will drive up consumption a bit but it won't be much.

The Saudi continues to produce the same amount of oil (approx 10 mln barrels/day) since last month.
So, there is really no change here.

A lot of US frackers shut off their well and put on standby (idle) after oil price drops below $65.
But if Oil goes back to $65.. guess what's going to happen, they will turn them back on because
they want to sell them at that price. So, I think there will be a lot of resistance at that level.

Yes, let's wait and see what EIA report says. Sometimes API says ... bullish (more consumption) but EIA says bearish (or less drawn down).

EIA says inventory down.. so it is bullish for oil for this week.
XLE holding steady so far...

FXI needs to dive more towards the 50ma line.. big gap needs to be filled.
China stocks have virtually double since last year. Need more pull back..

Aunty Yellen said US equities value are high..opps sounds like that's sell signal to me
We haven't seen a 5-10% pull back for a while.. so it I think it's time.

Holding cash right now. Go ahead and let more bears out!

I don't think it translate to malaysia gst like that. but it should have some correlation to WTI price and Brent price.

US oil consumers ate up 3.9 mln barrels more last week (it was last friday last snapshot from prior week).
The weather gets warmer, people go outside and play.. spring time, more traveling.

But, since last year, the total inventory is doubled..
Normally stocked/oil inventory is US is supposed to be 360-400 mln barrels for past few years.
Then, suddenly in started in Dec (till now).. it creeped up to 480 mln-490 mln barrels.

There are still over almost 80-90 million barrels of oversupply in US.
Say if everyone drives like crazy during summer time, it would not have consumed all so fast because imports are still going (the Saudi's didn't stop pumping) and the some idle shale rigs are waiting for the magic $64-$65 to hit before they start pumping again.

The oil traders are bidding up the prices in anticipation of other things... like pushing up stories like more explosion in Yemen may distrupt Oil production, etc... Saudi sending in more planes (hasn't happen yet but may).
Their machines can pull up the prices in steps and make it fall like rock..

So, tread carefully here.

This post has been edited by danmooncake: May 7 2015, 01:48 AM

She's letting the bears out.... watch out!!

Frack.... 10 year treasury suddenly spiked. Bulls are running for the hills..

XLE finally coming down...

Come down below $80.. and let me buy again.

Make it 79'ish. I'm ok to dip my feet in.

Darn... I just saw SUNE pull back to 50ma just yesterday and missed the chance for putting an order it.
The partnership with TERP is good for SUNE. Just hold on to it. It's going higher.

AAPL is good at support here (125)..

Ok, I'm back in XLE...

Now... please slow the bears down.

haha.. jobs numbers are good! Bears now went back into hiding.. futures up, premarket stocks are surging and most importantly.. XLE is up!

Frack!! I'm dumping 'em as soon as this short covering rally is over for the general market.

I think bigger correction is coming.

Waah wahh surprise surprise... still must take profits for this weekend.
Dunno what's going to happen next week. The crazy bulls are pushing the general index near to the top again.